{"id":"https://openalex.org/W2128665696","doi":null,"title":"Inflation and real activity with firm-level productivity shocks: a quantitative framework \u2217","display_name":"Inflation and real activity with firm-level productivity shocks: a quantitative framework \u2217","publication_year":2006,"publication_date":"2006-01-01","ids":{"openalex":"https://openalex.org/W2128665696","mag":"2128665696"},"language":"en","primary_location":{"id":"mag:2128665696","doi":null,"is_oa":false,"landing_page_url":"http://econ.duke.edu/~staff/wrkshop_papers/2006-07Papers/Wolman.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5019883470","display_name":"Michael Dotsey","orcid":"https://orcid.org/0000-0002-6065-3308","observed_orcids":["https://orcid.org/0000-0002-6065-3308"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Michael Dotsey","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-6065-3308","affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5108752323","display_name":"Robert G. King","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Robert G. King","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5076779869","display_name":"Alexander L. Wolman","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Alexander L. Wolman","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.6886,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.9240147,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9429000020027161,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9429000020027161,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.054099999368190765,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0008999999845400453,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.7329999804496765},{"id":"https://openalex.org/keywords/real-activity","display_name":"real activity","score":0.8259999752044678},{"id":"https://openalex.org/keywords/sticky-prices","display_name":"price stickiness","score":0.9229999780654907},{"id":"https://openalex.org/keywords/relative-price-variability","display_name":"relative price variability","score":0.7820000052452087},{"id":"https://openalex.org/keywords/state-dependent-pricing","display_name":"state-dependent pricing","score":0.7179999947547913},{"id":"https://openalex.org/keywords/price-adjustment","display_name":"price adjustment","score":0.8759999871253967},{"id":"https://openalex.org/keywords/monetary-policy-rules","display_name":"monetary policy rules","score":0.9160000085830688},{"id":"https://openalex.org/keywords/general-equilibrium-effects","display_name":"general equilibrium effects","score":0.6389999985694885},{"id":"https://openalex.org/keywords/aggregate-uncertainty","display_name":"aggregate uncertainty","score":0.5830000042915344},{"id":"https://openalex.org/keywords/linearized-model","display_name":"linearized model","score":0.38600000739097595}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8182190656661987},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.7136678695678711},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6805440187454224},{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.6171931624412537},{"id":"https://openalex.org/C4679612","wikidata":"https://www.wikidata.org/wiki/Q866298","display_name":"Aggregate (composite)","level":2,"score":0.5580757856369019},{"id":"https://openalex.org/C185782297","wikidata":"https://www.wikidata.org/wiki/Q2142538","display_name":"Relative price","level":2,"score":0.5556886196136475},{"id":"https://openalex.org/C34881761","wikidata":"https://www.wikidata.org/wiki/Q1936341","display_name":"Price level","level":2,"score":0.4467056691646576},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3295826315879822},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.22733816504478455},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C159985019","wikidata":"https://www.wikidata.org/wiki/Q181790","display_name":"Composite material","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:2128665696","doi":null,"is_oa":false,"landing_page_url":"http://econ.duke.edu/~staff/wrkshop_papers/2006-07Papers/Wolman.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.7257999777793884}],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.6899999976158142}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":19,"referenced_works":["https://openalex.org/W1978481286","https://openalex.org/W2011943763","https://openalex.org/W2038998530","https://openalex.org/W2064098724","https://openalex.org/W2066613124","https://openalex.org/W2075379212","https://openalex.org/W2097805671","https://openalex.org/W2107741948","https://openalex.org/W2110845124","https://openalex.org/W2128628752","https://openalex.org/W2144395073","https://openalex.org/W2154357620","https://openalex.org/W2890450911","https://openalex.org/W2896561002","https://openalex.org/W3023084384","https://openalex.org/W3122943163","https://openalex.org/W3123765727","https://openalex.org/W3124497574","https://openalex.org/W3126061893"],"related_works":["https://openalex.org/W7099461572","https://openalex.org/W3122823439","https://openalex.org/W7101021621","https://openalex.org/W3123374038","https://openalex.org/W7096862289","https://openalex.org/W2149435094","https://openalex.org/W3125121868","https://openalex.org/W7100594204","https://openalex.org/W2066613124","https://openalex.org/W7113706478"],"abstract_inverted_index":{"Recent":[0],"measurements":[1],"of":[2,5,15,54,74,84,101,112,119,145,170],"the":[3,42,49,72,82,92,99,110,142,160,168,188],"extent":[4],"price":[6,17,79,113,120,149],"stickiness":[7],"indicate":[8],"that":[9],"there":[10,31,137],"is":[11],"a":[12,27],"substantial":[13,130],"amount":[14],"relative":[16,146],"variability.":[18],"Extending":[19],"our":[20,55],"prior":[21,56],"state-dependent":[22],"pricing":[23],"model,":[24],"we":[25,177,182],"study":[26,71],"setting":[28],"in":[29,187],"which":[30,181],"are":[32,134,138],"discrete":[33],"micro":[34],"states":[35],"interpreted":[36],"as":[37],"stochastic":[38],"productivity":[39,108],"variations":[40],"at":[41],"firm":[43,106],"level.":[44],"The":[45],"new":[46],"model":[47,94,162],"shares":[48],"generalized":[50],"partial":[51],"adjustment":[80,114],"implications":[53,97,140,166],"analysis":[57],"and":[58,81,117,148],"also":[59,139,163],"its":[60],"tractability":[61],"for":[62,98,141,167],"macroeconomic":[63],"analysis.":[64],"Notably,":[65],"it":[66],"can":[67],"be":[68],"used":[69],"to":[70,109,184],"strength":[73],"general":[75],"equilibrium":[76],"influences":[77],"on":[78],"consequences":[83],"alternative":[85],"monetry":[86],"policy":[87],"rules.":[88],"Without":[89],"aggregate":[90,171],"uncertainty,":[91],"microstate":[93,161],"has":[95,164],"rich":[96],"dynamics":[100],"prices,":[102],"including":[103],"links":[104],"from":[105],"level":[107],"likelihood":[111],"(\u201dconditional":[115],"hazards\u201d)":[116],"magnitudes":[118],"adjustments.":[121],"In":[122],"this":[123,157],"steady":[124],"state":[125],"\u2014":[126,136],"where":[127],"firms":[128],"face":[129],"uncertainties":[131],"while":[132],"aggregates":[133],"constant":[135],"cross-sectional":[143],"distribution":[144],"prices":[147],"changes,":[150],"among":[151],"other":[152],"things.":[153],"When":[154],"linearized":[155],"around":[156],"stationary":[158],"point,":[159],"important":[165],"dynamic":[169],"economic":[172],"activity.":[173],"To":[174],"exposit":[175],"these,":[176],"build":[178],"quantitative":[179],"examples":[180],"link":[183],"recent":[185],"studies":[186],"literature.":[189]},"counts_by_year":[{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}